Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, on Monday said that consumers can expect smaller interest rate cuts after last week’s significant half-point reduction. "I was comfortable taking a larger first step, and then as we go forward, I expect, on balance, we will probably take smaller steps unless the data changes materially,” Kashkari said on CNBC. “Ultimately, we want to get back to a neutral policy stance where the economy is in balance and we're not pushing the economy one way or the other. And this was just a larger first step to get us going,” Kashkari added. The Federal Open Market Committee (FOMC) last week decided to decrease the benchmark
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